175 Suwannee Drive
About This Property
The well-appointed kitchen showcases quartz countertops, stainless steel gas appliances, soft-close wood cabinetry, luxury vinyl plank flooring, and an abundance of workspace for everyday living and entertaining. Additional upgrades include extra overhead cabinetry in the laundry room, enhanced lighting in the kitchen and dining area, gutters, fencing, and an extended rear porch--creating the perfect outdoor space to relax or entertain.
Offered AS IS, this home has been thoughtfully enhanced and is move-in ready.
Beyond the home, Watersound Origins offers an exceptional coastal lifestyle. With a six-month minimum lease policy, the community welcomes both full-time residents and second homeowners. Residents enjoy access to the Village Commons, featuring a resort-style swimming pool, fitness center, sports courts, parks, scenic walking trails, and the Origins Golf Club. Ideally located just minutes from the world-renowned white sand beaches of Scenic Highway 30A, as well as premier shopping, dining, and entertainment, this home presents a rare opportunity to enjoy the perfect balance of modern comfort, resort-style amenities, and natural beauty.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 26, 2026 | Listed by Watersound Real Estate | $875,000 | |
| Listed by Watersound Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017